Karen Singer - Sep 16, 2022 Form 4 Insider Report for SEACHANGE INTERNATIONAL INC (SEAC)

Role
10%+ Owner
Signature
Karen Singer
Stock symbol
SEAC
Transactions as of
Sep 16, 2022
Transactions value $
$12,500
Form type
4
Date filed
9/20/2022, 02:24 PM
Previous filing
Sep 16, 2022
Next filing
Sep 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAC Common Stock Exercise of in-the-money or at-the-money derivative security $12.5K +12.5K +0.15% $1.00 8.21M Sep 16, 2022 LLC managing member F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAC Put Options Exercise of in-the-money or at-the-money derivative security -125 -35.11% 231 Sep 16, 2022 Common Stock 23.1K $1.00 LLC Managing Member F2, F3
holding SEAC Put Options 250 Sep 16, 2022 Common Stock 25K $1.00 LLC Managing Member F2
holding SEAC Put Options 494 Sep 16, 2022 Common Stock 49.4K $1.00 LLC Managing Member F2
holding SEAC Put Options 1.25K Sep 16, 2022 Common Stock 125K $1.00 LLC Managing Member F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for the purposes of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
F2 As the managing member of TAR Holdings, LLC
F3 On September 16, 2022, the counterparty to the put options written on June 22, 2022 by Tar Holdings LLC exercised such options without any action taken by Tar Holdings LLC